Personal I-T base must be up before corporate tax cut: Adhia
Two years after it announced plans to reduce corporate tax rate to 25 per cent, the government today said any such reduction can come after the spread of personal income tax is increased and more people pay taxes. A 1 per cent cut in corporate income tax rate from the current 30 per cent will cost Rs 18,000-19,000 crore in revenues, Revenue Secretary Hasmukh Adhia said. Finance Minister Arun Jaitley, in his second Budget in February 2015, had announced reduction of the corporate tax rate to 25 per cent from 30 per cent in a phased manner over the next four years starting 2015-16, accompanied by
This is Great Article Thanks For Sharing This Information Stock Advisory Company Earn Money in Share Market Miss Call 7879881122.
ReplyDelete